This is a beta platform. Please sign up to be an early P2P Investor or Issuer. Click here to learn more.
Why is microinsurance provided?

All Issuers, be it the applicant or alternative key person appointed by the Issuer, will have Personal Accident Insurance up to the outstanding loan amount. This is provided by microLEAP, via our Insurance Partner,at no extra cost to the Issuer.

So in the case of accidental death or total / partial disablement, our Insurance Partner will cover the outstanding loan amount and microLEAP will arrange the pay out to all P2P Investors.

This ensures that Issuers can focus on what they do best – expanding their business!

Who provides the microinsurance?

The microinsurance cover is provided by Two Degrees Sdn Bhd, an insurance agency that sources the best underwriters to cover the loans raised on microLEAP’s platform. 

Who is covered?

We will automatically cover the applicant for Personal Accident Insurance at no cost to the Issuer.

However, if there is an alternative key person that an Issuer wants covered then please do not hesitate to contact us.

Issuers may also add more than one (1) key person to the insurance, however the Issuer will need to bear the cost of this addition.

How much does it cost?

The cost of Personal Accident Insurance of the Issuer’s key person is absolutely free!

All details we need are already captured in the Issuer’s application form and microLEAP will provide the microinsurance on the outstanding loan amount raised via microLEAP’s platform.

It is extremely hassle-free.

Issuers may also add more than one (1) key person to the insurance, however the Issuer will need to bear the cost of this addition. Please do not hesitate to contact us should you require more than one (1) person to be insured.

What is the microinsurance policy?

As for all insurance policies there are always certain terms and conditions and exceptions. These include:

  • Insured person must be between 16 to 70 years old
  • The coverage is for Personal Accident only, it is not Life Insurance
  • Certain dangerous occupations are not covered

For a detailed look at the Policy Schedule, please see the following link:

microLEAP microinsurance Policy Schedule